Today, American Pacific Mining Corp (Ticker: USGD.v or USGDF for US investors) announced results from its 2024 summer drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska, conducted with its joint-venture partner, Dowa Metals & Mining. T
The program aimed to expand knowledge of and test the extent of high-grade copper mineralization at the Palmer Deposit’s South Wall Zone 1 and Zone 2-3, as well as explore the North Wall Alteration Zone.
Key drill assays from the program include:
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18.0 m at 1.5% Cu, 5.4% Zn, 0.40 g/t Au, 59.1 g/t Ag (4.4% CuEq), including 6.6 m at 3.6% Cu, 7.7% Zn (7.4% CuEq)
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7.2 m at 0.3% Cu, 3.0% Zn, 32.7 g/t Ag (1.8% CuEq), with a high-grade section of 2.1 m at 2.8% Cu, 13.2% Zn (8.8% CuEq)
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4.8 m grading 1.4% Cu, 9.9% Zn, and 34.9 g/t Ag (5.7% CuEq)
Notably, these findings are supportive of a higher-grade copper core within the mineralized envelope.
Additionally, some zinc intersections were higher than the 2018 resource estimate.
Overall, USGD drilled 6,035.9m across 19 holes, with these assays confirming mineralization continuity and extending Zone 2-3 to the west and downdip.
Initial tests of the North Wall Alteration Zone showed potential for further exploration with pyrite stringer zones noted.
With these results in mind, USGD's Palmer team plans to remodel the known mineralization of the deposit and update the resource estimate and Technical Report.
Full news here: https://americanpacificmining.com/news-releases-2024/american-pacific-reports-18-0-metres-of-1-5-copper-and-5-4-zinc-from-zone-2-3-at-palmer-vms-project/
Posted on behalf of American Pacific Mining Corp.